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US Crude Oil, Gasoline Inventories Still Falling: EIA
Crude oil inventories in the United States decreased by 8.3 million barrels during the week ending June 12, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday.
AI Summary
US crude oil and gasoline inventories have continued to decline, according to the latest data from the US Energy Information Administration. The decrease in crude oil inventories, totaling 8.3 million barrels, has brought commercial stockpiles to 418.2 million barrels. This level is now 6% below the five-year average for this time of year. The ongoing decline in inventories suggests a sustained trend in the US energy market, with implications for supply and demand dynamics.
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